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Housing occupies an important position in the Kenyan psyche along with the concept of home ownership. The residential developments and investments attract both institutional, corporate organisations as well as private individuals. There are indications that the residential market in Nairobi is very active and that most of the valuation firms in Nairobi cany out market-based valuation of residential properties.
This study is about the valuation of up-market residential properties in Nairobi and in particular the factors that are considered in the valuation of residential properties, the methods adopted and the source and methods of analysis of sales data. The study attempted to determine the causes of variations or differences in market values of residential properties in a similar location.
